The platform is set to launch this year and because of its decentralized nature, the Binance team will have less control over the coins that will be listed on the upcoming platform.

Regarding Bitcoin, Zhao thinks the leader in the market will increase a few hundred percents each and every year for many years to come.

Zhao saw Bitcoin’s potential a long while ago

He said that the moment when he heard about Bitcoin for the first time in his life he could see its potential to diminish the fees involved in transferring money overseas.

“Also, on the first day I learned of Bitcoin, I thought, ‘Wow, this is going to be very good internationally,’ because I have personally experienced a lot of trouble transferring money from one country to another. For example, if I moved to Hong Kong, I would be wanting to transfer money from Canada to Hong Kong – it is a pain,” Zhao said.

“I understood the impact of that. China, Canada, the US, Hong Kong, Japan – I’ve lived in all of those places and that experience helps a lot,” he concluded.

Zhao launched an ICO for Binance back in July of 2017.

The one year anniversary is just around the corner and the platform is the undisputed market trendsetter. It’s currently boasting more than $1 billion in trading volume.

I have been blogging and posting articles for over eight years, but my passion for writing dates back in 2000. I am especially enthusiastic about technology, science, and health-related issues. When I’m not researching and writing the latest news, I’m either watching sci-fi and horror movies or checking out places worth visiting and building deep memories for later in life. I believe in empathy and continually improving myself.